iShares Energy Storage & Materials ETF (NASDAQ:IBAT – Get Free Report) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 11,326 shares, a drop of 82.1% from the May 14th total of 63,178 shares. Based on an average daily trading volume, of 75,808 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.7% of the shares of the company are sold short.
iShares Energy Storage & Materials ETF Price Performance
NASDAQ:IBAT traded down $2.04 during midday trading on Wednesday, reaching $41.23. The stock had a trading volume of 69,311 shares, compared to its average volume of 36,959. iShares Energy Storage & Materials ETF has a 1-year low of $20.58 and a 1-year high of $47.96. The firm’s fifty day simple moving average is $41.75 and its 200-day simple moving average is $35.34. The stock has a market capitalization of $62.67 million, a P/E ratio of 18.48 and a beta of 1.46.
Institutional Trading of iShares Energy Storage & Materials ETF
Hedge funds have recently bought and sold shares of the stock. Midwest Financial Partners Investments Inc. bought a new stake in iShares Energy Storage & Materials ETF in the 4th quarter valued at $1,519,000. Guardian Capital LP bought a new stake in iShares Energy Storage & Materials ETF in the 3rd quarter valued at $1,663,000. Citadel Advisors LLC bought a new stake in iShares Energy Storage & Materials ETF in the 3rd quarter valued at $644,000. Flow Traders U.S. LLC bought a new stake in iShares Energy Storage & Materials ETF in the 2nd quarter valued at $252,000. Finally, Sanctuary Advisors LLC bought a new stake in iShares Energy Storage & Materials ETF in the 1st quarter valued at $230,000.
iShares Energy Storage & Materials ETF Company Profile
The iShares Energy Storage & Materials ETF (IBAT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a price-weighted index of companies involved in energy storage solutions around the globe. The fund seeks to provide long-term growth opportunities from companies involved in the transition to a low-carbon economy. IBAT was launched on Mar 19, 2024 and is issued by BlackRock.
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